Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: due date for vat payment :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARDS :: empanelment :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: cpt :: ACCOUNTING STANDARD :: VAT RATES
 
 
News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

FinMin for closure of schemes; job cuts likely
February, 12th 2007

Hundreds of people could lose their jobs, if the Finance Ministry has its way in scrapping 120 central sector schemes in the coming 11th Five Year Plan.

"The Finance Ministry does not want to continue 120 centrally sponsored schemes worth Rs 2,179.83 crore, currently operational in the 10th Plan and disallow their spill over into the 11th Plan," highly placed government sources said.

In order to prevent spillover of these schemes into the 11th Plan, the Finance Ministry has proposed a budgetary allocation of Rs 50 crore for the Department of Expenditure, which would be used in relocation of manpower and meeting the establishment expenditure, till the schemes are wound up, sources said.

The move is aimed at ensuring that no funds are made available for schemes scheduled to close down at the end of the 10th Plan, sources said.
 
"The Finance Minister has already instructed the ministries concerned that the surplus manpower should either be absorbed elsewhere or adjusted as per the existing guidelines," they said.

According to the existing guidelines on relocation of manpower, the employees who would be rendered surplus following closure of the schemes would be put in the surplus cell of the government for a year and the ministries would be asked to accord preference to them while ascertaining their manpower needs.

"Even after a year if they remained unemployed, then they could be forcibly retired," sources said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions